The Board is pleased to announce that the Group has traded in line with market expectations of profit before tax of £2.7 million for 2016 (2015 actual: £2.7 million)
UK’s Finance Bill 2017
The UK’s 2017 Finance Bill was published on 5th December. This provides the draft legislation for many tax changes to take effect from April 2017. STM Group Plc highlights some of these changes as follows.
STM QROPS – Zero Establishment Fee Extended
We are pleased to announce an extension of the zero establishment fee for new QROPS applications. The zero establishment fee will remain in place for all applications received before the 31st of March 2017.
STM Group launch Gibraltar QROPS with Australian “Foreign Superannuation” status
STM Group plc is pleased to announce the launch of the STM Gibraltar (AUS) Superannuation Scheme. It is approaching two years since HMRC removed all Australian schemes from the ROPS list and during the intervening period, the STM product development team have worked closely with Australian legal and tax specialists to develop a robust yet flexible retail solution.